The case involves an application filed by the Resolution Professional (RP) of Rockwell Resources Earthmovers Private Limited, seeking to close the Corporate Insolvency Resolution Process (CIRP) and restore the Board of Directors to its original position. The CIRP was initiated against the Corporate Debtor on 2019-11-25. The RP was appointed on 2019-12-19. The Committee of Creditors (CoC), comprising a sole Operational Creditor, approved the proposal for settlement.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Rockwell Resources Earthmovers Private Limited on 2019-11-25. Mr. Amit Choraria was appointed as the Resolution Professional (RP) on 2019-12-19. An invitation for claims was published on 2019-11-22. The Committee of Creditors (CoC) was constituted, and it comprised a sole Operational Creditor. The CoC considered a settlement proposal at its meeting on 2021-08-02 and approved it. The RP's fees were paid on 2021-08-02. Hinduja Leyland Finance Limited had filed IA(IBC)/1419(KB)2020, which was subsequently withdrawn. The RP filed an application under Section 12A of the IBC to close the CIRP and restore the Board of Directors to its original position. The relevance of these facts is to demonstrate the
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CIRP initiated…
Mr. Amit Choraria…
The case involves an application filed by the Resolution Professional (RP) of Rockwell Resources Earthmovers Private Limited, seeking to close the Corporate Insolvency Resolution Process (CIRP) and restore the Board of Directors to its original position. The CIRP was initiated against the Corporate Debtor on 2019-11-25. The RP was appointed on 2019-12-19. The Committee of Creditors (CoC), comprising a sole Operational Creditor, approved the proposal for settlement.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Rockwell Resources Earthmovers Private Limited on 2019-11-25. Mr. Amit Choraria was appointed as the Resolution Professional (RP) on 2019-12-19. An invitation for claims was published on 2019-11-22. The Committee of Creditors (CoC) was constituted, and it comprised a sole Operational Creditor. The CoC considered a settlement proposal at its meeting on 2021-08-02 and approved it. The RP's fees were paid on 2021-08-02. Hinduja Leyland Finance Limited had filed IA(IBC)/1419(KB)2020, which was subsequently withdrawn. The RP filed an application under Section 12A of the IBC to close the CIRP and restore the Board of Directors to its original position. The relevance of these facts is to demonstrate the
…CIRP initiated…
Mr. Amit Choraria…